Revolut Eyes Potential $75 Billion Dual Listing in London & New York, Igniting Fintech Market Optimism

Financial technology giant Revolut is reportedly exploring a monumental dual listing on both the London Stock Exchange (LSE) and a major U.S. exchange, likely Nasdaq, in a move that could value the company at an astonishing $75 billion. First reported by the Sunday Times, this potential initial public offering (IPO) in 2025 signals a significant strategic pivot for the digital banking powerhouse and could inject renewed vigor into a somewhat subdued fintech investment landscape.

The reported $75 billion valuation represents a substantial leap from Revolut’s last private funding round in 2021, which pegged the company at $33 billion. Such an ambitious target underscores the company’s aggressive growth trajectory and the perceived value of its expansive ecosystem, which now serves over 40 million customers globally across a myriad of financial services. From its genesis as a travel money card, Revolut has evolved into a comprehensive financial super-app, offering everything from international money transfers and budgeting tools to stock trading, crypto asset management, and business accounts.

A dual listing strategy, while complex and costly, offers several compelling advantages for a global entity like Revolut. Listing in London would provide a boost to the UK’s capital markets, which have struggled to attract high-profile tech listings in recent years. Simultaneously, a U.S. listing, particularly on Nasdaq, would grant Revolut access to a deeper pool of institutional investors, enhance its global brand visibility, and potentially achieve a higher valuation often afforded to tech growth companies in the U.S. market. This approach allows the company to tap into diverse investor bases, maximize liquidity for early investors and employees, and cement its status as a truly international financial player.

For the broader fintech sector, a successful Revolut IPO at such a valuation could serve as a powerful catalyst. After a period marked by rising interest rates, tighter venture capital funding, and a more cautious approach to growth valuations, Revolut’s move could signal a potential thawing of the IPO market for mature, high-growth fintech companies. It validates the long-term potential of digital-first financial services and the increasing consumer shift away from traditional banking models.

However, the path to a $75 billion dual listing is fraught with challenges. Regulatory scrutiny remains a primary concern. Revolut has faced questions regarding its UK audit processes and its ongoing pursuit of a UK banking license. Public market listing also brings an intensified level of transparency and corporate governance requirements. Furthermore, market conditions in 2025 will be critical. While a rebound in tech valuations is hoped for, geopolitical instability, inflation, and interest rate policies could still influence investor appetite. Revolut will need to demonstrate consistent profitability and a clear roadmap for sustained growth to justify such a premium valuation to public investors.

Revolut’s significant exposure to the cryptocurrency market is another interesting dimension. As one of the few mainstream fintech platforms offering extensive crypto buying, selling, and holding services to its vast user base, its public listing could indirectly shine a brighter spotlight on the institutional acceptance and integration of digital assets within traditional finance. While not a crypto-native company, Revolut acts as a crucial on-ramp for millions, making its public market performance a bellwether for how investors perceive companies with substantial, regulated crypto offerings.

The coming months will likely reveal more details about Revolut’s intentions. Should the company proceed, its dual listing would be a landmark event for both the fintech industry and global capital markets, potentially setting a new benchmark for digital financial innovation and ambition.